KCRag Forum

Posted: **Mon Jan 14, 2019 6:13 pm**

The AT&T office building at 500 E 8th St is on the market and it sounds like a redevelopment plan may be coming together (and looking for incentives). The PIEA agenda for this week's meeting includes an item for conducting a blight study. I don't see any indication of the plan.

Resolution approving a Proponent Funding Agreement and authorizing preparation of a Qualification Analysis and General Development Plan for the proposed 500 East 8th PIEA Area.

Here is the listing:

https://www.loopnet.com/Listing/500-E-8 ... /11995014/

Posted: **Mon Jan 14, 2019 6:39 pm**

Apart from government buildings, is this the only downtown building of any size put up in the '70s? What are thoughts on possible uses? Office? Residential? Server farm? Massive escape venue?

Posted: **Mon Jan 14, 2019 7:22 pm**

City Center Square was 70s

Posted: **Mon Jan 14, 2019 7:25 pm**

missingkc wrote: ↑Mon Jan 14, 2019 6:39 pm Apart from government buildings, is this the only downtown building of any size put up in the '70s? What are thoughts on possible uses? Office? Residential? Server farm? Massive escape venue?

Wallstreet Tower (1974) and City Center Square (1977) come to mind.

Seems like a good spot for a hotel? It's a short walk to the North Loop streetcar stop and that parking ratio is low enough for modern hotel use.

Posted: **Mon Jan 14, 2019 7:49 pm**

Where are the AT&T staff moving? Does anyone have any idea how many people work there?

Posted: **Mon Jan 14, 2019 8:42 pm**

FangKC wrote: ↑Mon Jan 14, 2019 7:49 pm Where are the AT&T staff moving? Does anyone have any idea how many people work there?

Strava

Posted: **Fri Jan 18, 2019 2:25 pm**

AT&T Leaving Downtown, Selling Building; Prospective New Owner Plans Major Renovation

https://cityscenekc.com/att-downtown-hq ... Od58_bKEUU

I started a new thread for discussion of this building.

http://kcrag.com/viewtopic.php?f=15&t=2 ... 28#p587828

Posted: **Fri Jan 18, 2019 2:27 pm**

I'm starting a new thread for this building, since AT&T is moving out, and the building is being sold.

AT&T Leaving Downtown, Selling Building; Prospective New Owner Plans Major Renovation

AT&T is shutting down operations at its 13-story downtown headquarters at 500 E. Eighth St., and has an agreement to sell it to a new owner who plans to redevelop the property.

Maxus Properties wants to purchase the 362,000 square-foot building that opened in 1973 and undertake a major renovation of the property, the Planned Industrial Expansion Authority board was told Thursday.
...
The PIEA board agreed to allow the developer to conduct a blight study and prepare a redevelopment plan in anticipation of applying for tax incentives to help finance the project.

The 1970s office building is located in a federal opportunity zone, a designation that would make companies locating there eligible for substantial federal tax incentives.

https://cityscenekc.com/att-downtown-hq ... Od58_bKEUU

Posted: **Fri Jan 18, 2019 3:59 pm**

One of the ugliest buildings downtown, but says something that AT&T would rather move their downtown employees to Brookside(ish) rather than moving employees downtown. Maybe they had a sweet offer on the building.

Posted: **Fri Jan 18, 2019 4:34 pm**

kcjak wrote: ↑Fri Jan 18, 2019 3:59 pm One of the ugliest buildings downtown, but says something that AT&T would rather move their downtown employees to Brookside(ish) rather than moving employees downtown. Maybe they had a sweet offer on the building.

Not remotely Brooksideish. The office is closer to Prospect than Troost.

It's distance from Brookside would be similar to saying Penn Valley Park is in the River Market

Posted: **Fri Jan 18, 2019 4:36 pm**

Maybe they can take the longlines building with them

Posted: **Fri Jan 18, 2019 7:38 pm**

How many employees do they have? Has to be quite a few to fill up a 13 story building.

Posted: **Fri Jan 18, 2019 7:58 pm**

It could be they didn't want to spend the money for upgrading the systems and renovating the building.They have a fairly large campus at 63rd and Euclid.

Posted: **Fri Jan 18, 2019 9:22 pm**

This building is in the big Opportunity Zone. Are we betting on multifamily? Maybe mixes income?

Posted: **Sun Jan 20, 2019 11:24 pm**

DaveKCMO wrote: ↑Fri Jan 18, 2019 9:22 pm This building is in the big Opportunity Zone. Are we betting on multifamily? Maybe mixes income?

It has big floorplates compared to a lot of the new office space we're building. Since we know how in demand larger floors are I'm betting it stays office space.

Posted: **Tue Jan 22, 2019 8:24 pm**

AT&T has a deal to sell 13-story HQ tower, leave Downtown for other KC site

...
A lawyer for Maxus told the board that the company plans to complete a major renovation of the building, but that it hasn't been determined whether the building will be reused as an office building or converted for residential use.
...

https://tinyurl.com/yce5e3ls

Posted: **Mon May 27, 2019 9:35 pm**

New owner:

Admiral Qozb LLC
4700 Broadway Ste 240
Kansas City, MO 64112

Corporation search reveals:

Admiral QOZB, LLC
104 Armour Road
North Kansas City, MO 64116

Type Limited Liability Company Charter No. FL001426602
Domesticity Foreign Home State DE
Registered Agent
Thomson, Robert B.
104 Armour Road
North Kansas City, MO 64116
Status Active
Date Formed 1/11/2019

Posted: **Wed May 29, 2019 9:34 am**

these guys? https://www.maxusprop.com/
they market residential instead of commercial..

Posted: **Wed May 29, 2019 10:11 am**

Yep, it's Maxus. Also developed Chicken N Pickle and have a small handful of commercial properties, but largely residential multifamily.

No concrete plans for AT&T yet that I am aware of...

Posted: **Fri Aug 16, 2019 1:30 pm**

New AT&T Building Owner Plans $63M Overhaul to Premium Office Space

https://cityscenekc.com/new-att-buildin ... ice-space/

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AT&T Building Renovation, 8th Street and Locust

AT&T Building Renovation, 8th Street and Locust

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AT&T Building Renovation, 8th Street and Locust

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